Professional Documents
Culture Documents
Selection of a Project
Strong entrepreneur most vital aspect of successful project Suitable project has to be decided. This involves Product and Service selection Location selection Feasibility study Business plan Project profile
Location Selection
Some major decisions regarding location selection are: Proximity to market Availability of raw material Transportation and communication facilities Government policies Concessions/incentives Power Drainage/disposal facility
Feasibility literally means whether some idea will work or not. We need to do Market analysis Financial analysis Technical analysis Economic analysis Ecological analysis
Project profile
It acts like a birds eye view on the whole project Helps in obtaining the Provisional Registration Certificate (PRC) from District Industries Centre for applying to industrial area development board for the land or to SSIDC.
Registration
Small scale industries should seek registration with the Director of Industries of the concerned State government Obtain a Provisional Registration Certificate. Once the unit goes into production, the PRC has to be converted into a Permanent Registration Certificate (PMT). PRC is necessary for obtaining sources like land and finances.
PMT will help SSI with: To apply for scarce raw material For imported raw material For working capital loans from banks and financial institutions Central excise duty concessions Tax exemption
Basis of evaluation
Obtained all necessary clearances like Drug license, NOC from Pollution Control Board Not violating any location restrictions Value of plant and mach. is within limits Not owned, controlled or subsidiary of other industrial undertaking
Project report
For a new project proper planning is necessary. A detailed report provides such plans for the project. Major contents of a project report Summary Company details Operational details Project details Project cost Means of finance
Websites
www.bplans.com for business plan softwares and free sample business plans www.sba.gov information on starting a business www.pipdic.com procedure for starting SSI www.mdifranchise.com discover franchise opportunities www.opportunityindia.net identifying new business opportunity